By definition, the maximax and maximin criteria cannot result in the selection of a common alternative in decision making under uncertainty.

Question

Quizplus · Accepted Answer

The maximax and maximin criteria may result in the selection of a common alternative in decision making under uncertainty, although they are not guaranteed to do so. It depends on the specific values and probabilities associated with each alternative.

By Definition, the Maximax and Maximin Criteria Cannot Result in the Selection